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This interview was filmed on March 17, 2022.
Gold is still poised for a big move after last week’s jump and subsequent pullback, but according to Gareth Soloway of InTheMoneyStocks.com, it won’t go straight up.
“I’m kind of expecting a pullback to maybe US$1,850 (per ounce) or so, and then right around there I think is the big buy for the next big move up,” he said.
Soloway also spoke about oil, saying that with a global slowdown in the cards he’s not optimistic in the longer term and sees the fuel falling to the US$75 per barrel level.
#Investing #Gold #Oil
0:00 – Intro
0:21 – Market reaction to Fed’s interest rate hike
2:47 – Fed needs balance, recession concerns valid
5:09 – Buying level for gold before next big move
7:06 – Russia/Ukraine and trading during conflict
10:36 – Gareth still looking for large bitcoin drop
13:17 – Oil going down to US$75 longer term
17:22 – Keep exercising caution in equities market
20:37 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.